Strategy annual operating income
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2025
Strategy Operating Income Growth & History (MSTR)
Strategy's operating income was −$5.44B for fiscal 2025.
View full Strategy company overviewStrategy annual operating income history
| Fiscal year | Period ended | Operating income | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$5.44B | −$3.59B | — |
| 2024 | 2024-12-31 | −$1.85B | −$1.74B | — |
| 2023 | 2023-12-31 | −$115.0M | $1.16B | — |
| 2022 | 2022-12-31 | −$1.28B | −$491.2M | — |
| 2021 | 2021-12-31 | −$784.5M | −$770.9M | — |
| 2020 | 2020-12-31 | −$13.6M | −$12.6M | — |
| 2019 | 2019-12-31 | −$1.0M | −$5.0M | — |
| 2018 | 2018-12-31 | $4.0M | −$69.2M | −94.56% |
| 2017 | 2017-12-31 | $73.2M | −$36.3M | −33.14% |
| 2016 | 2016-12-31 | $109.5M | −$24.5M | −18.29% |
| 2015 | 2015-12-31 | $134.0M | $128.9M | +2525.82% |
| 2014 | 2014-12-31 | $5.1M | −$14.3M | −73.74% |
| 2013 | 2013-12-31 | $19.4M | −$13.7M | −41.27% |
| 2012 | 2012-12-31 | $33.1M | $12.2M | +58.63% |
| 2011 | 2011-12-31 | $20.9M | −$29.7M | −58.75% |
| 2010 | 2010-12-31 | $50.6M | −$35.7M | −41.38% |
| 2009 | 2009-12-31 | $86.3M | — | — |
Strategy quarterly operating income
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating income | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$8.33B | −$22.36B | — |
| Q1 2026 | 2026-03-31 | −$14.47B | −$8.55B | — |
| Q4 2025 | 2025-12-31 | −$17.45B | −$16.43B | — |
| Q3 2025 | 2025-09-30 | $3.89B | $4.32B | — |
| Q2 2025 | 2025-06-30 | $14.03B | $14.23B | — |
| Q1 2025 | 2025-03-31 | −$5.92B | −$5.72B | — |
| Q4 2024 | 2024-12-31 | −$1.02B | −$973.6M | — |
| Q3 2024 | 2024-09-30 | −$432.6M | −$407.3M | — |
| Q2 2024 | 2024-06-30 | −$200.3M | −$173.6M | — |
| Q1 2024 | 2024-03-31 | −$203.7M | −$183.4M | — |
| Q4 2023 | 2023-12-31 | −$42.8M | $150.9M | — |
| Q3 2023 | 2023-09-30 | −$25.2M | −$31.3M | — |
| Q2 2023 | 2023-06-30 | −$26.7M | $891.4M | — |
| Q1 2023 | 2023-03-31 | −$20.3M | $149.7M | — |
| Q4 2022 | 2022-12-31 | −$193.7M | −$56.3M | — |
| Q3 2022 | 2022-09-30 | $6.1M | $55.7M | — |
| Q2 2022 | 2022-06-30 | −$918.1M | −$503.9M | — |
| Q1 2022 | 2022-03-31 | −$170.0M | $13.2M | — |
| Q4 2021 | 2021-12-31 | −$137.5M | −$137.9M | — |
| Q3 2021 | 2021-09-30 | −$49.7M | −$29.4M | — |
| Q2 2021 | 2021-06-30 | −$414.2M | −$420.6M | — |
| Q1 2021 | 2021-03-31 | −$183.2M | −$183.1M | — |
| Q4 2020 | 2020-12-31 | $390,000 | −$9.2M | −95.95% |
| Q3 2020 | 2020-09-30 | −$20.3M | −$24.9M | — |
| Q2 2020 | 2020-06-30 | $6.3M | $11.2M | — |
| Q1 2020 | 2020-03-31 | −$72,000 | $10.3M | — |
| Q4 2019 | 2019-12-31 | $9.6M | $11.8M | — |
| Q3 2019 | 2019-09-30 | $4.6M | −$2.6M | −36.48% |
| Q2 2019 | 2019-06-30 | −$4.8M | −$3.0M | — |
| Q1 2019 | 2019-03-31 | −$10.4M | −$11.1M | — |
| Q4 2018 | 2018-12-31 | −$2.2M | −$19.3M | — |
| Q3 2018 | 2018-09-30 | $7.2M | −$14.0M | −65.90% |
| Q2 2018 | 2018-06-30 | −$1.8M | −$15.9M | — |
| Q1 2018 | 2018-03-31 | $715,000 | −$20.1M | −96.57% |
| Q4 2017 | 2017-12-31 | $17.1M | −$21.5M | −55.64% |
| Q3 2017 | 2017-09-30 | $21.2M | −$8.8M | −29.44% |
| Q2 2017 | 2017-06-30 | $14.1M | −$7.0M | −33.22% |
| Q1 2017 | 2017-03-31 | $20.8M | $1.0M | +5.25% |
| Q4 2016 | 2016-12-31 | $38.6M | −$7.3M | −15.83% |
| Q3 2016 | 2016-09-30 | $30.0M | −$723,000 | −2.35% |
| Q2 2016 | 2016-06-30 | $21.1M | −$13.7M | −39.34% |
| Q1 2016 | 2016-03-31 | $19.8M | −$2.8M | −12.58% |
| Q4 2015 | 2015-12-31 | $45.9M | $12.7M | +38.36% |
| Q3 2015 | 2015-09-30 | $30.7M | $37.7M | — |
| Q2 2015 | 2015-06-30 | $34.8M | $47.5M | — |
| Q1 2015 | 2015-03-31 | $22.6M | $31.0M | — |
| Q4 2014 | 2014-12-31 | $33.2M | $14.6M | +79.08% |
| Q3 2014 | 2014-09-30 | −$7.0M | −$18.6M | — |
| Q2 2014 | 2014-06-30 | −$12.7M | −$10.7M | — |
| Q1 2014 | 2014-03-31 | −$8.3M | $314,000 | — |
| Q4 2013 | 2013-12-31 | $18.5M | $4.8M | +35.34% |
| Q3 2013 | 2013-09-30 | $11.6M | $4.3M | +59.22% |
| Q2 2013 | 2013-06-30 | −$2.0M | −$12.5M | — |
| Q1 2013 | 2013-03-31 | −$8.7M | −$10.3M | — |
| Q4 2012 | 2012-12-31 | $13.7M | −$1.1M | −7.39% |
| Q3 2012 | 2012-09-30 | $7.3M | $5.8M | +375.08% |
| Q2 2012 | 2012-06-30 | $10.5M | $7.0M | +201.96% |
| Q1 2012 | 2012-03-31 | $1.6M | $546,000 | +50.65% |
| Q4 2011 | 2011-12-31 | $14.8M | — | — |
| Q3 2011 | 2011-09-30 | $1.5M | −$8.3M | −84.31% |
| Q2 2011 | 2011-06-30 | $3.5M | −$10.9M | −75.78% |
| Q1 2011 | 2011-03-31 | $1.1M | — | — |
| Q3 2010 | 2010-09-30 | $9.8M | — | — |
| Q2 2010 | 2010-06-30 | $14.3M | — | — |
Strategy operating income trends
Over the last five fiscal years, Strategy's operating income decreased from −$13.6M to −$5.44B, a change of −$5.43B. The latest reported quarter, Q2 2026, shows −$8.33B.
About the metric
What operating income means
Operating income is the profit or loss a company generates from its core business after cost of revenue and operating expenses, but before non-operating items such as interest and income taxes.
Calculation and source
SEC-reported operating income
TickerStat standardizes operating income reported in company SEC filings for aligned fiscal periods. It is not adjusted EBIT, an analyst estimate, or company guidance. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Strategy source filings ↗Community posts
Strategy doubles preferred-securities buyback authorisation to $2 billion
Strategy’s ($MSTR) board increased its digital credit securities repurchase authorisation from $1 billion to $2 billion, including purchases already made. The programme covers preferred securities, not MSTR common shares. The accompanying w ...